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CEX.IO Bitcoin Exchange

Bitcoin

Bitcoin (BTC/USD) sought direction early in today’s Asian session as the pair traded as high as the 10258.00 area after trading as low as the 10167.14 area late in yesterday’s North American session.  The pair’s range was relatively tight as traders were unable to lift the pair above its 100-bar MA (4-hourly) during yesterday’s European session or North American session.  The pair continues to orbit its 50-bar MA (4-hourly), 100-bar MA (4-hourly), and 200-bar MA (4-hourly), all of which recently converged above the psychologically-important 10000 figure.

BTC/USD has also been unable to move above the 100-bar MA (hourly) for several trading sessions, and is now trading between the recently-converged 50-bar MA (hourly) and 200-bar MA (hourly)Market sentiment for the pair remains clouded with neither BTC/USD Bulls nor BTC/USD Bears showing any dominance.  Above current market activity, the 10395 and 10523 areas will remain focal points for chartists while below current market activity, the 10068 and 9853 areas will continue to be watched closely.

Price activity is nearest the 50-bar MA (4-hourly) at 10,237.79 and the 50-bar MA (Hourly) at 10,229.29.

Technical Support is expected around 9,765.93/ 9,532.39/ 9,265.49 with Stops expected below.

Technical Resistance is expected around 10,833.14/ 11,136.82/ 11,759.72 with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

 

Ethereum

Ethereum (ETH/USD) continued to appreciate early in today’s Asian session as the pair traded as high as the 212.84 area following a move to the 215.00 figure late in yesterday’s North American session, the pair’s strongest print since 11 August.  The pair’s ongoing upward bias was reconfirmed during yesterday’s North American session when Bids emerged above the 197.56 area, representing the 76.4% retracement of the 146.00 – 364.49 range. 

Also, Stops were elected above the 206.18 area during the pair’s move higher, a level that represents the 76.4% retracement of the 157.28 – 364.49 range.  More Stops were triggered above the 209.75 area during the appreciation, representing the 23.6% retracement of the 627.83 – 80.60 range.  Following the break of this area, the pair managed to remain Bid above the 206.18 area during a pullback, another indication that short-term sentiment remains Bullish. Above current market activity, the 217.55 area is another major upside price objective with additional Offers expected around the 220 – 222 range.

Price activity is nearest the 50-bar MA (4-hourly) at 185.53 and the 50-bar MA (Hourly) at 199.05.

Technical Support is expected around 197.56/ 191.40/ 188.38 with Stops expected below.

Technical Resistance is expected around 217.55/ 222.55/ 229.56 with Stops expected above.

On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.



https://cex.io/r/0/up109735874/0/